Training Course: MBA in Finance & Accounting

Introduction

The Finance and Accounting MBA is an intensive 10-day programme designed to sharpen your management skills and focus on current best practices in finance and accounting. Finance is a core process/function in a business that requires executive attention. Accounting is the language of business; understanding and applying this language to your business, in general, remains the single most valuable competence of management. Prepare yourself by enhancing your personal competence in identifying best practices in finance and accounting.

Course Objectives of MBA in Finance & Accounting

• Manage and motivate people more effectively
• Understand and effectively utilize strategic planning techniques
• Use the Baldrige performance criteria as a standard of excellence and benchmark for your organisation
• Focus on real companies and their finance function and accounting processes to show participants which elements have achieved best practices status
• Remove much of the mystique associated with the management of finance and accounting
• Focus on challenging yourself to become the strategic financial leader of the organisation
• Prepare yourself for future responsibilities by examining best practices in these important functions/processes

MBA in Finance & Accounting Course Outlines

Day 1-3 Financial Management Fundamentals

Day 1

Introduction to Best Practices in Finance and Accounting

• Role of financial management (CFO, Treasurer, and Controller)
• Basic financial statements and their articulation
• Evaluating performance and ROI/ROCE

Day 2

Early Review and Projections of Strategy via Financial Statements

• Short-term success evaluations
• Buy, sell, or hold investments
• Financial review compared to targets
• Financial performance measurement systems

Day

Annual Reports, Footnotes, and Corporate Governance

• Best practices in annual reports
• Reconciling accounting standards
• Corporate governance and shareholder value
• Benchmarking external reviews and industry reports

Day 4-6: Industry Analysis and Financial Modeling

Day 4

Industry/Financial Analysis and Balancing the Scorecard

• Asking financial managers to guide sector understanding
• Benchmarking treasury management and controllership
• Value creation from controllership
• Activity-based costing and financial analysis

Day 5

Net Present Value Thinking and Financial Modeling

• Best practices in NPV
• Real options as a next-generation best practice
• Communicating finance and accounting best practices
• Next-generation model building

Day 6

Integration Day

• Review and reinforce concepts from the first five days
• Application of lessons learned to participants' companies and markets
• Personal learning plans for continued mastery

Day 7-9: Management and Strategy

Day 7

People Management

• Sociotechnical management
• Effective communication and motivation
• Coaching skills and empowering employees

Day 8

Leading Teams and Strategic Planning

• Benefits of teamwork and characteristics of effective teams
• Managing conflict and understanding team member styles
• Analyzing the strategic planning process and achieving competitive advantage

Day 9

Negotiating for Results and Operational Excellence

• Negotiating process and effective negotiation strategies
• Achieving the benefits of effective negotiating
• Malcolm Baldrige quality award and operational excellence
• Employee commitment and continuous improvement